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How to register a Limited Liability Partnership (LLP)
A step by step guide on registering Limited Liability Partnerships in Pakistan
A Limited Liability Partnership (also known as a LLP) is a business structure that is registered with Securities Exchange Commission of Pakistan (SECP). The business is owned and operated by several individuals and the partners share the profits and / or losses depending on their agreement. The Designated Partners are involved in day to day operations of the LLP but unlike a regular partnership firm, the liability of partners in LLP is limited. LLP is issued a National Tax Number (NTN) and taxes are paid by the LLP on its earnings. The central document that governs a Limited Liability Partnership is the partnership deed (or partnership agreement) which is made on a non-judicial legal stamp paper that clarifies the relationship between the partners, their roles and responsibilities, and their shares in the profits or losses of the partnership. Under the law, a limited liability partnership is a treated as a body corporate or a company (see definitions in Limited Liability Partnership Act, 2017 and Section 80(2)(ii) of Income Tax Ordinance, 2001). A limited liability partnership is different from regular partnership firms, sole proprietorships and limited companies. Not sure about which business structure to choose? Read our Guide.
In order to register a partnership all you need to do is submit the following documents to Securities Exchange Commission of Pakistan electronically:
- (1) Partnership deed on a Rs. 1,000 non-judicial stamp paper (we can draft this for you).
- (2) CNIC of all partners (front and back).
- (3) CNIC of at least two witnesses (front and back).
- (4) You will receive a certicate from SECP.
- (5) You will then obtain a National Tax Number (NTN).
- (6) Next step is to open a bank account in the name of your newly formed limited liability partnership. You will then proceed with other registrations like STRN/GST once the bank account is opened.
Still need help? Our limited liability partnership registration services start as low as Rs. 20,000* Rs. 25,000 only. Call us on +92-333-522-3360 or email us. We make sure that our customers always get served quickly and effectively without charging a fortune other lawyers and agents would otherwise charge.
Documents we require: - (1) Written Partnership deed on a Rs. 1,000 non-judicial stamp paper (we can draft this for you).
- (2) Office Address, phone number and email address if any.
- (3) CNIC of all partners (front and back).
- (4) Residential addresses of partners.
- (5) Email addresses of partners.
- (6) Mobile number of partners (registered against their CNIC).
- (7) CNIC of at least two witnesses (front and back).
- (8) Investment of each partner and total investment size.
- (9) Purpose of LLP (what will the business do).
- (10) Three potential names of LLP in order of preference.
For Tax Rates on Limited Liability Partnerships (LLP) read our Tax Guide.
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Explore our servicesHELPFUL ANSWERSFrequently
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A few useful starting points for your limited liability partnerships enquiry. For details specific to your situation, talk to our team.
How do I get started?⌄
Tell us about your business and the service you are interested in. You can use the enquiry form below, call +92-333-522-3360 or email info@incorporation.pk.
What information should I prepare?⌄
Start with a brief description of your business, its current status and what you want to achieve. The guidance on this page gives further details, and our team can confirm the information relevant to your enquiry.
Where can I find service prices?⌄
Visit our pricing page to compare published services and registration packages. Where a service is listed as call for price, contact us for a quotation. Government fees are excluded where stated.
Can I discuss more than one service?⌄
Yes. Incorporation.pk provides support with business formation, registration, taxation, accounting, filing and other compliance matters. Tell us which areas you would like to discuss.
How can I contact the team?⌄
Call +92-333-522-3360, email info@incorporation.pk, or use the form below. Office visits in F-8 Markaz, Islamabad are by appointment.
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